Following the results of last week’s referendum on the UK’s membership within the European Union, there has been uncertainty amongst UK property investors as to how the vote will affect them.
In the wake of the results being announced, the value of Sterling fell to $1.33, and as of the 29th June, it stands at $1.34, as it begins to recover following the initial market reaction to the vote last Friday.
The ability to attain highly competitive currency exchange rates has always been of paramount importance to domestic and international property investors alike, but with the current political and economic climate, there is now more opportunity to found for many international purchasers seeking to purchase in the UK than previously.
International investors are currently in a strong position to capitalise by forward buying their currency at an agreed fixed rate without having to pay the full sum straight away.
Using Forward Contracts, investors can lock in exchange rates for the purchase of currency at a future date, or over a range of dates, up to 12 months in the future. These contracts can provide certainty and help protect against the risk of currency fluctuations without having to use all of your cash flow to buy currency in advance.
PrinvestFX, a new foreign currency exchange service from PrinvestUK, is designed to help property investors obtain highly competitive currency exchange rates for their property investment purchases.
Working in partnership with foreign exchange company Worldwide Currencies, PrinvestFX is able to offer property purchasers access to services such as Forward Contracts, allowing them to secure today’s extremely favourable exchange rates for property purchases over the course of the next year.
With the UK market currently experiencing an unprecedented event, property investors are in a unique position to capitalise by maximising their funds through specialist foreign exchange services such as PrinvestFX.
By speaking with a dedicated specialist, purchasers looking to make currency purchases can discuss their long-term exposure to find the best risk management strategy that will protect their funds in the current economic climate, whilst maximising the opportunity for more favourable return on investment.
To find out more about PrinvestFX and how you could capitalise on the market post-Brexit, please visit www.prinvestfx.com.